US Leverage Over China Is Fading: Economy

Elizabeth Economy, a former Biden administration China adviser and a senior fellow at the Hoover Institution, joins Bloomberg Open Interest to break down what could emerge from US-China talks beyond the diplomatic spectacle. She sees potential cooperation on AI security, but warns Washington’s traditional leverage is weakening. From Iranian oil and semiconductor controls to rare earths and trade commitments, Economy argues the US will increasingly need allies to pressure Beijing. (Source: Bloomberg)